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2-bed · 1,369 sqftOia Residence, Uptown Motorcity · 5th floor · completed 2018

524, Oia Residence

Sold prices and rental history: sold once, by the developer in October 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 524 · DLD and Ejari recordsUpdated 20 May 2025
Last soldAED 1.05M4 October 2022
Current rentAED 135K /yr20 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 524, Oia Residence

What is 524 worth today?

Last sold for AED 1,053,500 in 2022

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20 May 2025RentedRenewal
AED 135,403/yr10 months · AED 99 per sqft
1 Nov 2023RentedNew contract
AED 95,000/yr12 months · AED 69 per sqft
1 Nov 2022RentedNew contract
AED 95,000/yr12 months · AED 69 per sqft
4 Oct 2022Sold by developerReady
AED 1,053,500AED 769 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 May 2025.

Key facts

Type
2-bed apartment
Size
1,369 sqft
Floor
5th of 5
Parking
B-167
Developer
Union Properties
Completed
2018
Service charge
AED 20,200 /yr
Last sold
AED 1.05M · October 2022
Building
Oia Residence

About 524, Oia Residence

524 is a two-bedroom apartment of 1,369 sqft on the 5th floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. The developer sold it on 4 October 2022 for AED 1,053,500, or AED 769 per sqft, in line with the AED 777 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 20 May 2025, is AED 135,403 a year: a gross yield of 12.8% on the 2022 price, before the service charge of about AED 20,200 a year.

Sales and rents for 524 over time

Sales
Unit 524, each saleTypical two-bed in Oia Residence
1M1.5M2M2017202020232026Typical sale price by year: 2017 AED 1,685,316; 2020 AED 1,326,474; 2021 AED 1,463,156; 2022 AED 1,275,000; 2023 AED 1,287,000; 2024 AED 1,800,000; 2025 AED 1,865,000Sold by developer, October 2022: AED 1,053,500 (AED 769 per sqft)

524 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 524, each contractTypical two-bed in Oia Residence
100K120K140K20182020202220242026Typical rent by year: 2018 AED 117,000; 2019 AED 115,000; 2020 AED 107,100; 2021 AED 92,308; 2022 AED 95,000; 2023 AED 105,000; 2024 AED 119,358; 2025 AED 127,500New contract, November 2022: AED 95,000 a yearNew contract, November 2023: AED 95,000 a yearRenewal, May 2025: AED 135,403 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Oia Residence, and where 524 sits

All 125 2-beds →

524 last sold in October 2022 at AED 769 per sqft, in line with what two-beds in Oia Residence were fetching at the time (AED 777). Over the last 12 months two-beds sold for AED 1,488,000 to 2,150,000, around AED 1,234 per sqft, and rent for AED 124,574 to 130,000 a year. 524's AED 135,403 is at the top of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Feb 20262,150,000
6 Feb 20261,488,000
9 Dec 20252,100,000
17 Jul 20251,850,000
4 2-bed sales in the last 12 months

Oia Residence

Building

269 apartments, 1-bed to 4-bed over 5 floors in Uptown Motorcity, completed in 2018 by Union Properties. 14 sold in the last 12 months.

Typical price per sqft
AED 1,050 Down 4.5%
Typical sale
AED 2.13M
Typical rent
AED 127K /yr
Typical yield
8.7%
Oia Residence, Uptown Motorcity: prices, sales and rents →

Other units on the 5th floor

All 269 units in Oia Residence
Value
5013-bedAED 1.83M · Aug 2021
5023-bedAED 2.45M · Feb 2026
5033-bedAED 2.45M · Jul 2024
504AED 1.94M · Nov 2025
505AED 2.12M · Oct 2025
5062-bedAED 1.34M · Apr 2025
5073-bedAED 1.52M · Sep 2020
1–7 of 44

524, Oia Residence in numbers

  • Sold once: by Union Properties on 4 October 2022 for AED 1,053,500, or AED 769 per sqft.
  • Rented since November 2022 on 3 Ejari contracts, from AED 95,000 to AED 135,403 a year.
  • At AED 135,403 a year the gross yield on the 2022 price is 12.8%, before a service charge of about AED 20,200 a year (AED 14.76 per sqft).
  • Two-beds in Oia Residence sold for AED 1,488,000–2,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,050 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 20 May 2025.

Questions about 524, Oia Residence

What did unit 524 last sell for?

AED 1,053,500 on 4 October 2022, sold by the developer: AED 769 per sqft for 1,369 sqft. It is the only registered sale of the unit.

What is the rent for unit 524?

AED 135,403 a year on the contract renewed on 20 May 2025. The previous contract, from November 2023, was AED 95,000; the unit has been rented since November 2022.

How big is unit 524?

1,369 sqft (127.2 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2018.

What is unit 524 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Oia Residence sold for AED 1,488,000 to 2,150,000 in the last 12 months, around AED 1,234 per sqft.

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Mortgage on 524, Oia Residence

Starts from the last sale price (AED 1.05M, 4 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,053,500
Deposit, UAE resident (20%)
AED 210,700
Deposit, non-resident (40%)
AED 421,400
Monthly over 25 years at 3.7%
AED 4,310

Plus AED 49,257 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →